Knowee
Questions
Features
Study Tools

A man spends 80% of his income and saves the rest. what percentage of his expenditure does he save ?a.40b.25c.20d.30

Question

A man spends 80% of his income and saves the rest. What percentage of his expenditure does he save?

Options:

  • a. 40
  • b. 25
  • c. 20
  • d. 30
🧐 Not the exact question you are looking for?Go ask a question

Solution

1. Break Down the Problem

We need to determine what percentage of his expenditure (spending) the man saves if he saves 20% of his income after spending 80% of it.

2. Relevant Concepts

Let:

  • I I = Income
  • Expenditure = 80% of Income = 0.8I 0.8I -Savings = 20% of Income = 0.2I 0.2I

3. Analysis and Detail

To find the percentage of expenditure that corresponds to savings:

  1. Expenditure is given by: E=0.8I E = 0.8I
  2. Savings is given by: S=0.2I S = 0.2I
  3. We need to calculate SE \frac{S}{E} : SE=0.2I0.8I=0.20.8=0.25 \frac{S}{E} = \frac{0.2I}{0.8I} = \frac{0.2}{0.8} = 0.25

4. Verify and Summarize

The calculation shows that the savings represent 25% of the expenditure.

Final Answer

The percentage of his expenditure that he saves is 25% (Option b).

This problem has been solved

Similar Questions

Raj always saves 65% of his salary. If his salary decreases by 40% , his savings will decrease by $390. How much is Raj's original salary?

A and B’s salaries together amount to Rs. 2,000. A spends 95% of his salary and B spends 85% of his. If now their savings are the same, what is A’s salary?

John saved 20c and 50c coins. When he reached 100 coins the amount totalled $40.40.What percentage of the coins were 50 cent coins?

Jacob always saves 40% of his salary. If his salary decreases by 10% , his savings will decrease by $200. How much is Jacob's original salary?

If income in a closed, private economy is $50 and consumption is $35, what is the amount of savings?Multiple choice question.$15$85$35$50

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.